Myomo (NYSE American: MYO), a wearable medical robotics company that offers increased functionality for those suffering from neurological disorders and upper limb paralysis, has closed an underwritten public offering of 2,143,000 common stock shares or common stock equivalents (including pre-funded warrants to purchase shares of common stock in lieu of shares of common stock) and investor warrants to purchase up to an aggregate of 2,143,000 common stock shares. Myomo secured gross proceeds of approximately $15.0 million, with each share of common stock (or pre-funded warrant in lieu thereof) sold together with one investor warrant to purchase one share of common stock at a combined offering price of $7.00. Myomo has granted a 45-day option to the underwriters to purchase an additional 321,450 shares of common stock, and/or investor warrants to purchase up to 321,450 shares of common stock, in any combinations thereof, at the public offering price per security, less underwriting discounts and commission. ROTH Capital Partners acted as sole book-running manager for the offering.
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About Myomo
Myomo, Inc. is a wearable medical robotics company that offers expanded mobility for those suffering from neurological disorders and upper limb paralysis. Myomo develops and markets the MyoPro product line. For more information, visit the company’s website at www.Myomo.com.
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